From Reuters Canada’s biggest railroad says it is attracting interest from oil producers in its effort to move crude in solid, puck-like form, as clogged pipelines divert more oil to riskier rail transport. Congested pipelines have stranded much of Canada’s crude in Alberta, driving discounts to record-high levels. Canadian heavy crude traded on Friday for less than one-third of the
From Reuters The race is on for liquefied natural gas (LNG) producers to build export terminals as demand soars, but the criteria for financing such mega-projects have shifted as traditional relationships with LNG consumers have begun to disintegrate. Royal Dutch Shell’s (RDSa.AS) final investment decision (FID) taken last month for a $30 billion LNG Canada project was a shot in
From Reuters Bakken crude prices are set to weaken from already low levels in coming months, with the frigid winter in North Dakota likely to disrupt rail loadings and worsen bottlenecks as production soars, traders and executives said. U.S. oil producers ramped up production in the nation’s third-largest oilpatch, boosting crude output to a record 1.3 million barrels per day
From Reuters Saudi Energy Minister Khalid al-Falih said on Monday OPEC and its allies agree that technical analysis shows a need to cut oil supply next year by around 1 million barrels per day (bpd) from October levels to balance the market. Speaking at an industry event in Abu Dhabi, he said demand from Saudi Arabia’s customers in December would
From Reuters A liquefied natural gas (LNG) cargo from the United States has arrived in China, the first such cargo since Beijing imposed a tariff on U.S. imports, shipping data from Refinitiv Eikon showed on Monday. China, the second-biggest importer of LNG globally after Japan, announced in September a 10 percent tariff on U.S. LNG imports as part of an
From Bloomberg OPEC members may be weighing oil production cuts again, worried that a slowing global economy will undermine prices, but in the group’s Middle East heartland producers are spending billions to add output capacity for the long term. As the global oil industry recovers from one of the worst slumps in its history, the biggest international energy companies are
From Bloomberg President Donald Trump criticized Saudi Arabia’s announced plan to cut oil production on Monday, as tensions rose between the U.S. and its long-time Middle East ally. “Hopefully, Saudi Arabia and OPEC will not be cutting oil production. Oil prices should be much lower based on supply!” Trump said in a tweet. West Texas Intermediate, the U.S. benchmark oil
ClearSign Comments on filing by Anthony DiGiandomenico Seeking Shareholder Support for Calling a Special Meeting for the Removal and Election of Directors
Jericho Oil Provides STACK Drilling and Completion Update
Keith Reazin Elected Vice President And General Manager, Instrumentation And Specialty Controls Division
Oil & Gas Industry Welcomes Colorado’s Rejection of Limits on Drilling, an Industrial Info News Alert
Leclanché selected by KONGSBERG to power the fast growing electric and hybrid marine industry with energy storage solutions
